Tag: Mail Services

US Postal Service says gains package market share

Posted by | Feb 2, 2005 | |

The US Postal Service said on Wednesday it has gained a little market share in package shipments during the last three months even as the volume of standard letters continues to decline. A spokesman for the Postal Service, which delivers mail to 142 million homes and offices, said package shipments have risen “in the high single digits” compared with a year earlier, with the lion’s share of the increase coming from two-to-three day priority shipments and from residential shippers using Internet auction service eBay Inc.’s online postage.
“It’s three things all coming together: access, making it easy to do business with us; price stability; and the good service,” said Jerry McKiernan, manager of media relations for the Postal Service. “When those three things are in combination, that’s a winning formula.”

Read More

Poczta Polska looks forward to stock exchange debut

Posted by | Jan 31, 2005 | |

The Poczta Polska (PP) state postal network has asked the Infrastructure Ministry to carry out its commercialisation. Tadeusz Bartkowiak, head of PP, explains that it should be transformed into a state-owned company in order to enter the stock exchange market. “From the point of view of its economic condition, the PP is not yet ready to be privatised through the capital market, so the best option would be for the company’s shares to be floated in 2006-2007,” Rzeczpospolita was told by a PP director.

Read More

KfW ups volume of Japanese bond exchangeable for Deutsche Post shares

Posted by | Jan 31, 2005 | |

KfW, the state-owned bank used as a privatisation vehicle by the German government, said Monday it would increase the volume of its five-year Japanese bond exchangeable for shares in the semi-privatised German postal service Deutsche Post to 1.1 billion euros (1.4 billion dollars).

The bond, a so-called Uridashi bond which is debt issued by a non-Japanese borrower in Japan in a currency other than the yen, “met with overwhelmingly positive interest from retail investors in Japan, KfW said in a statement.

“We had announced a target size of 500 million euros. With a final transaction size of 1.1 billion euros, our expectations have clearly been exceeded,” said KfW chief Hans Reich.

The bond matures on February 3, 2010, and will pay an annual coupon of 0.5 percent.

Read More

Postcode system ‘would double junk mail volumes’ in Ireland

Posted by | Jan 30, 2005 | |

The introduction of postcodes in Ireland is likely to mean a huge increase in the amount of junk mail put through the republic’s letter boxes. Experts say the lack of a postcode system is the only thing that has been holding direct marketers back. They say the experience of other countries suggests the amount of such mail received by households could double. Comreg, the communications industry regulator, is recommending that postcodes be introduced in Ireland, the only country in the European Union not to have them. An Post says it will not pay for the system, but one model favoured by the private post companies is based on lines of longitude and latitude and would not require fresh mapping of the country.

Read More

Buoyant DX is delivering the goods, UK

Posted by | Jan 30, 2005 | |

DX SERVICES, the business-to business mail company, has attracted investment from three top backers.

They have warmed to its potential for exploiting the opening up of the postal market to competition.

DX SERVICES, the business-to business mail company, has attracted investment from three top backers.

DX, which stands for document exchange, demerged from specialist recruitment firm Hays last November.

DX’s services include collection, delivery and sorting for 27,000 customers. The shares surged when they began trading on November 1.

The postal market is estimated to be worth about Pounds 5.8 billion and is expected to be fully open to competition by next January. DX, which has a stock market valuation of Pounds 285 million, won a seven-year postal licence in June. This frees it from relying on Royal Mail, unlike rivals such as Business Post.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest